U.S. Economic Snapshot
March 2024
United States
The U.S. labor market continued its path of strength in February, adding 275,000 jobs in the month. The unemployment rate increased slightly to 3.9%, up from 3.7% the previous month. Annual wage growth slowed to 4.3% in February, down from a revised 4.4% in January, but remains elevated relative to historical averages.